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to the state of south carolina. when the big east was formed in 1979 it went from boston in the east to syracuse, new york, as its western most outlet. the big 10, as you said, was midwestern schools. the pack 8, which is now the pack 12, was surprisingly enough four schools in california, two in oregon and two in washington. so geography was important, academics were important and competitive levels were important. now the landscape has changed completely. geography has been thrown out completely. academics have been thrown out completely and, to some degree, competitive levels have been thrown out completely because it's all about what schools can make you the most t.v. dollars and a conference and what conferences can make schools the most t.v. dollars. that's the unifying force now. >> brown: so it's dollars and television. particularly in football, right? >> exactly. a all of those thing changes that have happened over a period of ten years now, because it began when the a.c.c. raided the big east for virginia tech, miami and boston college to improve itself as a football confer
at eaton vance management. he joins us from that firm in boston. duncan, i take it you're a pessimist in regards to avoiding the fiscal cliff that we're going to go over? >> not really a pessimist. i think the fiscal cliff is going to be more of a fiscal slope, but there will be a tax element to it. i think because we're starting at such a low level of tax rates, we're very likely to have higher taxes either immediately with the expiration of the payroll tax and potentially on capital gains and dividends in 2013 and beyond. >> tom: how should invests approach that, invest on what tax rates may be next year? >> not really. but there are great costs to be avoided by lessening the tax drag on your investment. positioning your portfolio and making sure you're in sthooks can outperform in a rising interest rate environment-- which is another thing we're worried about-- longer term makes some sense. >> tom: so rising interest rate environment, possibly higher inflation, higher taxes. not exactly the most shiny of forecasts for investors. >> well, there is something you can do about it. you
of wrestling outloud with making these choices. knowing what we know does philadelphia, does boston, does new york have to use a changed municipal math to run its daily affairs because of threats of these kinds of things? joe romm? >> well, i think as governor cuomo said, it's a new normal but we have old infrastructure. i think if f you listen to client scientists -- if we had listened to climate scientists who worned, no could flood like this, that storm surges were going to increase as the sea levels rose because ofgob waming and because of more intense storms we might have prevented it. now i think we need to listen to climate scientists who are warning that sea levels could rise, two feet-- as you heard-- by the middle of the century but three, four, five and six feet by the end of the century. so our choices are twofold. we should reduce greenhouse gas emissions so we're on the low end of future warming estimates and secondly we've got to start preparing for the storms that we are stuck with, like hurricane sandy. >> suarez: he used the word "prudence. whats prudent at ts point? >> that
Search Results 0 to 3 of about 4 (some duplicates have been removed)